Stocks making the biggest moves in the premarket: MicroStrategy, Coinbase, Raven Industries & more

Stocks making the biggest moves in the premarket: MicroStrategy, Coinbase, Raven Industries & more

(MSTR) – MicroStrategy shares tumbled 8.7% in premarket trading amid a slide in bitcoin prices following the expansion of . The business analytics company is among the biggest corporate investors in bitcoin, with several billion dollars in holdings on its books. (COIN) – The cryptocurrency platform's stock slid 3% in premarket action, also hit by the drop in cryptocurrencies amid the latest actions by the Chinese government. (RAVN) – Raven agreed to be bought by fellow agricultural equipment maker (CNHI) for $58 per share, or $2.1 billion, compared to Raven's Friday close of $38.62 per share. The stock soared 49.7% in premarket trading. (ZIP) – The jobs website operator's shares rose 2.8% in the premarket after Goldman Sachs rated it "buy" in new coverage and Evercore began coverage with a rating of "outperform." The upbeat assessments cite ZipRecruiter's growth prospects and ability to disrupt the employment market. (HSBC) – HSBC sold its French retail bank to private-equity firm Cerberus Capital for 1 euro, and expects to book a $3 billion loss after unloading the unprofitable operation. (PSTH) – The SPAC controlled by billionaire investor Bill Ackman to buy a 10% stake in Universal Music from Vivendi. The deal values Universal